Wisconsin Payday Loan Laws and Regulations in (WI)

(last updated 01/02/2018)
Payday loans and cash advances are legal in Wisconsin.
The Wisconsin Department of Financial Institutions has been
regulating Payday Loans and Cash Advances since May 18th, 2010.
As of 09/17/2014 there were
36 licensed lenders
and 330 licensed
locations in Wisconsin.

The maximum payday loan allowed in Wisconsin is $1500 or 35% of gross monthly income.
The maximum payday loan as a percentage of income is 35%.
The number of loans that can be open at one time is not limited.
The maximum permissible fees allowed in Wisconsin is not specified.
The cooling off or waiting period for obtaining another loan is 24 hours after paying off a renewed loan days.
The number of rollovers that are permitted is 1 renewal.
The minimum loan term is 14 days. The maximum loan term is 90 days.

This information is for informational purposes only.
Although care has been taken to accurately describe the
laws and regulations in Wisconsin, no
guarantees are implied or expressed about its
accuracy. This is not legal advice. If you need legal advice,
please consult an attorney or the Wisconsin Department of Financial Institutions.

The following classes of lending organizations may be exempt from some, all, or none of the regulations and laws set by the state of Wisconsin. Federally chartered banks, state chartered banks, credit unions and some entities organized under the laws of a sovereign nation (for example) a Native American Tribe or the country of Antigua.

Online approval to $5,000
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Credit Score: less than 680
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There are as many ways to come up short financially as there are varieties of beer in Wisconsin. When your checking account is more fried than a cheese curd at Culver’s, how can you get the cash you need to get by?

Whether you earn your living on a farm, work for a family owned business in Eau Claire, serve beer at the local brewpub in Superior, or spend 40 hours a week in a cubicle in Madison, you work hard for your money. You’re a pro at making the best of things and stretching your dollars.

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